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aniked [119]
3 years ago
14

When a competitive firm maximizes profit, it will hire workers up to the point where thea. marginal product of labor is equal to

the product price. b. value of the marginal product of labor is equal to the product price. c. value of the marginal product of labor is equal to the wage. d. marginal product of labor is equal to the wage.
Business
1 answer:
Natali [406]3 years ago
5 0

Answer: The correct answer is <u>"C. value of the marginal product of labor is equal to the wage."</u>

Explanation:  

Assuming that a company operates in a market of perfect competition and that maximizes profits, this company will hire workers to the point where the value of the marginal product of labor is equal to the wage, <u>because it is the point at which the costs of having an additional worker do not exceed the benefits of his incorporation.</u>

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Refer to the scenario below to answer the following question(s). Giant Beanstalks is a company based in Maryland that processes
creativ13 [48]

Answer:

Exclusive distribution

Explanation:

Exclusive distribution is defined as an agreement between a producer and retailer that gives the exclusive right to a retailer to distribute the products of a supplier within a given geographical location. Only one distributor is used by the supplier within a given area.

In the secanrio given Giant Beanstalk a company that processes and cans vegetables, recieves raw materials from over 80 companies. It only gives distribution rights to Greenleaf a grocery chain with 38 stores in the country.

5 0
4 years ago
In October, Glazier Inc. reports 42,000 actual direct labor hours, and it incurs $194,000 of manufacturing overhead costs. Stand
Olin [163]

Answer:

$18,000 F

Explanation:

Actual overhead– Overhead Budgeted=

Overhead Controllable Variance

Actual overhead=$194,000

Overhead Budgeted=$212,000

$194,000–$212,000

=$18,000 F

(40,000 ×$3.80) + $60,000

=$152,000+$60,000

= $212,000

Therefore the manufacturing overhead controllable variance is $18,000 F

3 0
3 years ago
An 85-year old risk averse investor is not happy about the minimal return she is earning on her current investments. She is stre
Ilia_Sergeevich [38]

Answer:

B. Reduce the Money Market Fund allocation by 30% (to 10%) and put the released funds in AAA-rated corporate bonds

Explanation:

First of all, since the investor is risk averse and cannot afford to lose money on any risky investment, she should change the mix of her investment portfolio but without increasing risks. Corporate bonds that are AAA-rated carry a very low risk and pay a little higher than money market funds. So a small decrease in money market fund assets and an increase in AAA-rated bonds should yield a slightly higher return.

Investing in equities would be too risky and US Treasuries pay even less interests than money market funds.

6 0
4 years ago
Adamson Company manufactures four lines of garden tools. As a result of an activity analysis, the accounting department has iden
attashe74 [19]

Answer:

(a) unit level activity

(b) Product level activity

(c)Facility level activity

(d) Batch level activity

(e) unit level activity

(f) batch level activity

(g) facility level activity

(h) unit level activity

Explanation:

Unit level activity : It is that type of activity which is deals with only unit of product whether it is a selling unit, variable cost unit , direct material unit, direct labor unit or fixed cost unit.

Batch level activity: It is that type of activity which focuses on batches or bulk goods so that good discount to be provided due to which customers  are happy that results in increase in sales.

Product level activity: It is that type of activity which deals in a single product or we can say finished product which is ready to sale.

Facility level activity: It is that type of activity which aims in giving the facilities relating to the product or charges some taxes.

BY going through the meaning of each one of the activity level, we get to know that (a) unit level activity

(b) Product level activity

(c)Facility level activity

(d) Batch level activity

(e) unit level activity

(f) batch level activity

(g) facility level activity

(h) unit level activity

6 0
3 years ago
Taxes on cigarettes are designed to a. lower the price to reflect their true benefits b . encourage farmers to grow more tobacco
SOVA2 [1]

Answer:

c

Explanation:

A tax is a compulsory sum levied by the government or an agency of the government on goods and services. Taxes increases the price of a good. the aim of tax on cigarettes is to increase the price of cigarettes. this should discourage consumption of cigarettes. taxes on cigarette reflect the true cost of consuming cigarettes

5 0
3 years ago
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